Venture Minerals Ltd (ASX:VMS, OTC:VTMLF) Andrew Radonjic tells Proactive that the company has identified shallow clay-hosted rare earth element (REE) mineralisation immediately next to zones of tin mineralisation at the Mount Lindsay Project in northwest Tasmania following re-assays of a hanging wall formation at the Reward Deposit. The company has mobilised a drill rig to Mount Lindsay to follow up the results, with the first hole underway. REE mineralisation is currently open in all directions.
Venture Minerals could have a rare earths discovery on its hands at Mount Lindsay